Ukrainian Security Service Corrupts Criminal Group Selling Malware to Steal Bitcoin – Bitcoin News – News Couple
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Ukrainian Security Service Corrupts Criminal Group Selling Malware to Steal Bitcoin – Bitcoin News


The law enforcement authorities of Ukraine have uncovered a criminal gang that specializes in stealing cryptocurrency and laundering illegal money for hackers. The gang, which was providing services to clients on the dark web, was dismantled as a result of a joint operation carried out with the United States.

Cybercriminals from Ukraine launder millions, provide flash drives with encryption malware

The Cyber ​​Security Department of Ukraine’s Security Service (SBU) recently identified a group of individuals who allegedly laundered tens of millions of dollars from Darknet sources, the agency announced. The SBU revealed in a press release published on Monday that the Ukrainians were legitimizing illegal funds on behalf of international hackers.

To launder money, the suspects organized a large-scale scheme involving fake online identities and fake people. Investigators were able to establish that the funds were transferred through various financial services. The clients were mostly hackers involved in internet thefts and attacks on banking systems in different parts of the world.

Members of the criminal group were also selling flash drives containing viruses designed to hack digital wallets and steal cryptocurrency. The operation, which was carried out with the support of US agencies, with the participation of the Ukrainian National Police and the Prosecutor General’s Office, led to searches at addresses in the southern Ukrainian city of Mykolaiv. Authorities confiscated computers, malware, papers and cash.

The SBU explained that the collected information and materials are currently being analyzed for the prosecution of all responsible persons, including foreign agents of Ukrainian criminals. Law enforcement did not provide details on how many were involved and whether they were under arrest.

Ukraine, which in recent years has become a leader in crypto adoption as it moves to legalize cryptocurrencies, has seen an increase in crypto-related crime. The Ukrainian Security Service has been hunting illegal miners this year and shutting down crypto farms in different regions of the country. In August, the State Security Administration banned a number of online cryptocurrency exchanges, allegedly for sending money to Russia.

Earlier this month, South Korean police announced that they were participating in a joint operation with Interpol and the FBI to disrupt another Ukraine-based criminal network accused of extorting bitcoin through ransomware attacks on Korean universities and businesses. According to an announcement by the National Bureau of Investigation, carried by Korean public broadcaster KBS, law enforcement authorities raided 21 locations in Kiev last June, arresting six individuals.

The attacks occurred in 2019, when four academic institutions and companies in South Korea were extorted into paying up to 4.5 billion won (more than $3.8 million) in bitcoin to decrypt their computer systems. The report noted that while current legislation in Ukraine makes it difficult to extradite perpetrators, authorities in Seoul have asked Interpol to issue a Red Notice for two suspects who may end up in Korean custody if they leave their country.

Do you think Ukraine will be able to deal with crimes related to cryptocurrency? Share your thoughts on the topic in the comments section below.

Tags in this story

crime gang, criminal group, crypto, cryptocurrency, cryptocurrency, dark web, FBI, fraud, crooks, gang, hackers, interpol, investigation, detectives, law enforcement, malware, money laundering, operation, police, ransomware , State Security Administration, South Korea, United States, Ukraine, Ukrainians, Governors

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